Kosovo Becomes a Donor to the International Development Association of the World Bank
Kosovo, March 24 -- The Republic of Kosovo has become an official donor to the World Bank's International Development Association (IDA) with a paid-in contribution of $1.4 million.IDA is the World Bank's fund for 78 low-income countries. Projects funded by IDA boost economic growth, build resilience and improve people's lives across the countries it supports. Kosovo's commitment comes as multiple crises take a disproportionate toll on low-income countries. Kosovo is also among the 78 countries that borrow from IDA, but the country has experienced steady economic progress since independence, with a nearly 50% increase in per-capita income and a 35% reduction in the poverty rate. The most recent IDA projects in Kosovo will support investments...
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